Caixin
Nov 15, 2018 08:15 PM
WORLD

Myanmar’s History of Bad Deals Inspires Caution, Ruling Party Spokesperson Says

Portraits of National League for Democracy leaders on display at the party's headquarters in Yangon, Myanmar. Photo: Pei-hua Yu/Caixin Globus
Portraits of National League for Democracy leaders on display at the party's headquarters in Yangon, Myanmar. Photo: Pei-hua Yu/Caixin Globus

Myanmar’s civilian ruling party is treading carefully when it comes to economic deals with other countries, thanks to the previous military administration’s legacy of problematic deals, National League for Democracy spokesperson U Myo Nyunt told Caixin.

Caixin spoke with Myo Nyunt in early November, around the time that the country’s Ministry of Commerce revealed it would move ahead with a China-backed deep-sea port project in western Myanmar’s Kyaukpyu. The deal, which was first drawn up in 2015 between the Myanmar government and a consortium led by state-owned Chinese conglomerate Citic Group, was put on hold after elections that year saw the National League for Democracy win a parliamentary majority after nearly half a century of military rule.

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